Apartment Investment and Management Co. : Aimco Increases Quarterly Common Dividend to $0.20 Per Share
08/01/2012| 12:30pm US/Eastern
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Apartment Investment and Management Company ("Aimco") (NYSE: AIV)
announced today that its Board of Directors declared a quarterly cash
dividend of $0.20 per share of Class A Common Stock for the quarter
ended June 30, 2012. The increase is consistent with Aimco's Board of
Directors' intentions that were announced on May 11, 2012. On an
annualized basis, this is a 67% increase compared to the dividends paid
during 2011 and represents approximately 60% of projected 2012 Adjusted
Funds from Operations. The second quarter 2012 dividend is payable on
August 31, 2012, to stockholders of record on August 17, 2012.
Aimco is a real estate investment trust that is focused on the ownership
and management of quality apartment communities located in the largest
markets in the United States. Aimco is one of the country's largest
owners and operators of apartments, with 361 communities serving
approximately 250,000 residents in 30 states, the District of Columbia
and Puerto Rico. Aimco common shares are traded on the New York Stock
Exchange under the ticker symbol AIV and are included in the S&P 500.
For more information about Aimco, please visit our website at www.aimco.com.
Aimco
Elizabeth Coalson, 303-691-4327
Vice President
Investor Relations
or
Investor Relations, 303-691-4350
Investor@aimco.com
© Business Wire 2012
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